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Allotment of equity shares under rights issue

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 April 2017 A Private Company recently conducted a Rights Issue. By mistake, one of the Cheque of a Vendor was deposited in Rights Issue Account of the Company instead of the Current Account of the Company. He insists that he does not want to subscribe the Shares of the Company. How can this matter be solved.

Please reply asap.
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CS Divesh Goyal

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CS Divesh Goyal (Expert)
19 April 2017 transfer the amount in current account

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